Volvo Construction Equipment has sold its LB Smith dealership in New York state to Vantage Equipment of Syracuse, N.Y. The new dealership will serve its market area from current LB Smith branch facilities in Buffalo, Latham (Albany) and Syracuse. The New York City metropolitan area is not included in the sale and will continue to be served by Malvese Equipment Company of Hicksville, N.Y. Volvo CE purchased the assets associated with the business of L. B. Smith, its distributor for a majority of the East Coast, in May 2003. Since the acquisition, Volvo CE has continued the operations of the former dealer at existing locations under the name LB Smith. The sale of the New York territory is part of Volvo CE’s on-going divestment of its LB Smith properties.
Volvo CE sells LB Smith territory in New York state
Sep 7, 2004